I’m in a process of buying a multi-family apartment building the cost segregation engineering study can cost anywhere from $10K to $15K after I acquire the building. Is it common for the seller to share his cost segregation study report with me so I won’t have to implement this study?
Assuming he/she has done the cost segregation study.
interesting...i just bought a $8.8m property in Montclair, CA and I got an estimate for $6000 to do a cost segregation study. The company that gave me the estimate was http://costsegs.com
I'm interested to knowing why you are doing the cost seg study (as i'm considering it)? Do you plan to hold the property long term? Since I tend to have long hold periods (10+ years), I'm wondering if it is bad idea to use all the deductions in the first 5-7 years not have any deductions in the later years when income could be significantly higher. Appreciate your thoughts
I like to use these deductions as soon as property is acquired. This let's me to have more cashflow in the beginning years so I can add more value and increase NOI much faster in the first 3 to 5 years. After 5 years depending on market I can keep or sale. In my opening it's always better to have cash now then later. Also thanks for sharing the site. I'll check it out